Hitting the casino jackpot can change lives. Now that it is happened to you, you are now faced with a very important decision: Should you take the lump sum payment or casino annual payments?
The answer is actually a risk premium and a mathematical question. Do you believe you are more capable of investing your lottery winnings than your lottery commission is? In choosing annual payments, the lottery commission is the one in charge of investing your money. They will guarantee that you will earn a certain amount of money each year over the life of your casino annuity payments.
They are confident in the fact that they can invest lottery premiums and earn a better return than you could on your own. While it may be true that you do not have the knowledge or experience to handle a vast amount of wealth, the lottery commission is not the only option you have if you want to invest wisely. You can take the lump sum and hire a professional to invest the money for you. Many competent financial professional will be able to earn significantly more than the casino commission can.
If you have already chosen the annuity, you may still have the chance to sell casino payouts for cash. There are many companies that buy casino payouts. They can offer alternative cash flow funding with lump sum cash for casino winnings and even structured lottery annuity settlements. Selling casino payouts is your only real option if you want control over your financial destiny.
Winning the casino jackpot is one of the best things that could happen to anyone. But with certain state lotteries, most winners cannot get their casino winnings as a lump sum payment. Instead, casino winnings are spread out in payments, often for 20 or 30 years, as an annuity. Here are a few very good reasons why you should sell casino payouts for cash:
• Casino payments spread over 20 or 30 years decrease สมัคร joker123 in value – which means decreased purchasing power
• Casino payments are subject to tax – which will increase considerably over 20 or 30 years, reducing your moneys value.
• The value of casino payments does not change while the cost of living is always at the mercy of inflation. As time goes by, your casino payouts will become less and less adequate to maintain your lifestyle.
In this article today I’m going to discuss several dirty tricks casinos use to get you to spend more money, and how you can fight those tricks and take the bank yourself.
Everybody knows going in that the odds are stacked in the casinos favor when it comes to gambling. It doesn’t seem to matter though, we still have a great time and love doing it. You can help stack the deck in your favor, so to speak, by knowing a few of the casinos dirty tricks and turning them to your favor.
The first trick is a very subtle one. Casinos basically want you to forget that you’re gambling. They do this by creating a very carefree atmosphere, like a big party. That’s why drinks are so cheap! The only way to combat this trick, if it is a trick at all, is to remember that it’s not a party and that it’s your hard-earned money that you’re gambling away.
There is nothing that a casino hates more than a player who has a solid plan and sticks to it. If you go in with a plan that says you only lose up to a certain amount of money and then stick to that plan, there’s not much the casinos can do about it. You get into trouble only when you deviate from your plan. Luckily for the casinos, hardly anybody has the willpower to stick to their plan.
The next trick casinos use is making cashing out more difficult than it needs to be. Usually the area where you can cash out is located far away so that you have to walk past many different gaming tables to get there. It is very tempting to stop at one of the tables and bet just a couple more times and the casinos, in fact, are counting on it! Again the only way to avoid this trap is to be disciplined and not bet after you have decided to stop.
Another trick that the casinos use is by only stocking a few tellers at the cash out window so that long lines form. Nobody likes to stand in line and wait especially when there’s such fun games right around there that you could be playing! Again, the only form of defense is discipline here. You just have to suck it up and wait patiently in line.
Finally everybody loves comps at a casino but the fact of the matter is that every single comp is strategically made by the casinos. Why do they do this? Because they want you to keep playing or they want you to come back again and again. The reason why casinos make winners feel so important is because they don’t want them to leave. Eventually, as long as they keep betting, the casinos know that the odds are in their favor and the big winner will lose their money back to the casino.
The secret is to be disciplined enough to accept the comps and enjoy them, but don’t be swayed by them into staying longer than you had already planned on staying.
So there you have several examples of dirty tricks that the casinos play on their own suspecting victims and strategies for turning those tricks to your own advantage. Admittedly, most of them boil down to mental willpower on your part which is maybe why casinos are so profitable!